Your bank now checks the name behind the IBAN

Free name-IBAN match checks on euro transfers — a direct hit on invoice scams.

Since 9 October 2025, banks in the euro area must check whether the recipient’s name matches the IBAN before you send a transfer, and warn you on a mismatch — free, on every euro payment. “Verification of Payee” is one of the most effective anti-scam rules the EU has shipped: fake-invoice, fake-landlord and “new bank details” fraud all rely on you not knowing who really owns the account.

For youNever wave a “no match” warning through. Pair it with our scam checker before you pay anyone new.

Next: Banks outside the euro area join by 9 July 2027.

Verified against the sources above on 18 July 2026. Plain-language summary — not the legal text and not legal advice.